These high-caliber benefits are included in your Military Officers Association of America (MOAA) Leader Group Term Life Plan.
Your status as a Military Officers Association of America (MOAA) member combined with the immense buying power of MOAA’s membership helped MOAA secure valuable benefits for you and your family. These high-caliber benefits are automatically included in your MOAA Leader Plan.
Your Leader coverage will start on the first day of the month after your application has been approved by the insurer and your first premium has been paid. If you send a check with your application, your Leader coverage will begin on the first day of the month after your application is approved.
Your spouse1 will automatically be the beneficiary for your Military Officers Association of America (MOAA) Life coverage. If your spouse1 is no longer living, your benefits will be paid to your children, parents, brothers and sisters, or estate (in that order). You will automatically be the beneficiary for your spouse's1 and children's coverage. If you'd like to designate a different beneficiary, please notify the plan administrator.
You can keep your Military Officers Association of America (MOAA) Leader coverage for as long as you want no matter what your health as long as you remain a Military Officers Association of America (MOAA) member, pay your premiums on time and the Group Policy stays in force. Your spouse1 can keep his or her coverage for as long as their premiums are paid on time, their coverage has not expired, the group policy stays in force and they are not legally separated or divorced from you. Your children’s coverage will terminate once they no longer qualify as an eligible Dependent.
The only exclusion to the life coverage is suicide within the first two years of coverage or increase in coverage begins. Benefits paid for death caused by suicide, while sane or insane, within the first two years of the effective date of the insurance are limited to a refund of the premiums paid for the insured's insurance.
The Leader Plan can also help protect you if you have health problems. As a Military Officers Association of America (MOAA) member under age 60, you can qualify for the $10,000 MOAA Leader Silver Plan as long as you have been working for the past 90 days. This coverage features many of the same benefits found in the standard Leader Plan with coverage that increases from $2,000 to $10,000 over five years.
|Monthly Group Rates per $10,000 in Coverage|
|Up to $245,000|
|Age||Preferred Non-tobacco*||Standard Non-tobacco||Tobacco|
*Preferred Non-tobacco rates are not available for coverage amounts less than $100,000.
**Renewal rates only.
|Monthly Group Rates per $10,000 in Coverage|
|$250,000 to $1,000,000|
|Age||Preferred Non-tobacco||Standard Non-tobacco||Tobacco|
$1 a month provides coverage for all your eligible children. Children 15 days to under 6 months are eligible for $1,000 coverage and children 6 months to 21 years (or 25 if enrolled full-time in an institution of higher learning) are eligible for $10,000 coverage.
You qualify for non-tobacco rates if you haven't smoked cigarettes, cigars or used a pipe or chewing tobacco, nicotine product or snuff during the 12 months prior to the date you apply for coverage. Non-tobacco users applying for $100,000 in coverage or more and meeting the highest underwriting standards may qualify for the Preferred (the Plan’s best) rates. Other non-tobacco users may qualify for Standard rates. Your individual premium is determined at each premium due date and is based on your benefit level, attained age and tobacco status. Premiums increase upon entry into a new 5-year age bracket.
For your convenience, you'll be billed quarterly.
Rates shown are guaranteed until February 28, 2023. After that date, benefits and/or rates may be changed for all persons covered by this plan. You cannot be singled out for a rate increase or a change in benefits and we will notify you in advance in writing of any changes.
|Your age determines the maximum amount of coverage you can apply for:|
|Age||Maximum benefit available2|
|Under Age 50||$1,000,000|
2Your coverage reduces to $550,000 on your first premium due date on or after your 60th birthday if you have more than $550,000 of coverage. Coverage reduces to $80,000 on your 70th birthday if you have more than $80,000 of coverage. At age 80, your coverage reduces to an $11,000 benefit.
Additional Plan Details
This is a listing of highlights for this Insurance plan. Be sure to review the entire website for a detailed plan description.
|Type of Insurance:||Group Term Life Insurance|
|Designed For:||Military Officers Association of America (MOAA) members and their family|
|Underwritten by:||ReliaStar Life Insurance Company,
a member of the Voya® family of companies.
|Policy Form Number:||LP00GP|
|Issue Ages:||Through age 74|
|Rate Schedule:||Premiums are based on age at issue, and premiums increase upon entry into a new 5-year age bracket.|
|Non-tobacco Rates:||You qualify for non-tobacco rates if you haven’t smoked cigarettes, cigars or used a pipe or chewing tobacco, nicotine product or snuff during the 12 months prior to the date you apply for coverage.|
|Waiver of Premium:||Your premium payments will be waived if a Sickness or Injury leads to a Total Disability, as defined in the Certificate, that keeps you from working at your current job.|
|Spouse1:||Can apply for maximum benefit amount as stated above. Minimum benefit available is $10,000.|
|Children’s Insurance:||$1.00 a month covers all your eligible children. Children 15 days to under 6 months are eligible for $1,000 coverage and children 6 months to 21 years (or 25 if enrolled full-time in an institution of higher learning) are eligible for $10,000.|
In order to become insured, evidence of insurability satisfactory to the insurer must be provided and the required premium must be paid.
For complete plan details, please contact the Program Administrator, MOAA Insurance Plans at 1-800-247-2192, Monday-Friday, 7:30 a.m. - 7:00 p.m. Central Time.
When does the coverage end?
You can keep your MOAA Leader Term Life coverage for as long as you want no matter what your health as long as you remain a Military Officers Association of America (MOAA) member, pay your premiums on time and the Group Policy stays in force.
Your dependent’s coverage will remain in effect as long as your coverage is active, premiums are paid, and they meet the eligibility requirements.
Who is eligible for this insurance?
What if I have health problems?
How much life insurance would I need?
Do I have to meet with an insurance agent?
Are non-tobacco rates available?
When is the coverage effective?
What if I have second thoughts after I apply?
How do I apply?
1 Spouse includes domestic partner in the state of Oregon.
2 Your coverage reduces to $550,000 on your first premium due date on or after your 60th birthday if you have more than $550,000 of coverage. Coverage reduces to $80,000 on your 70th birthday if you have more than $80,000 of coverage. At age 80, your coverage reduces to an $11,000 benefit.
3 Voya Travel Assistance Services provided by Europ Assistance USA, Bethesda, MD. Services are not available in Oregon.
4 Funeral Planning, Will Prep and Concierge Services provided by Everest Funeral Package, LLC, Houston, TX.
5 MOAA's Leader Term Life Preferred Non-tobacco rates and Standard Non-tobacco rates are often lower than VGLI until age 75. MOAA's Leader Term Life Standard Tobacco rates are often lower than VGLI until age 45. https://www.va.gov/life-insurance/options-eligibility/vgli/. Viewed 4/1/2022.
This is a summary of benefits only. A complete description of benefits, limitations, exclusions and termination of coverage will be provided in the certificate of coverage. All coverage is subject to the terms of the group policy. If there is any discrepancy between this document and the group policy documents, the policy documents will govern.
Life Insurance coverage is provided under the terms of a group life insurance policy, Group Policy 68652-2, issued and delivered in the state of Virginia to The Military Officers Association of America as the policyholder. The group policy is sitused in the state of Virginia and is governed by its laws. The group life policy is issued by ReliaStar Life Insurance Company, a member of the Voya® family of companies, Minneapolis, Minnesota. The policy is administered on behalf of ReliaStar Life Insurance Company by Mercer Consumer, an insurance administrator licensed in the state of Virginia. Policy Form LP00GP. This is a paid endorsement. MOAA receives a fee from the insurance broker and/or the insurer for its endorsement of this plan.